Renewing a maturing ISA

Inthcarj

I'm hoping someone can help with a query about a Fixed Rate Cash ISA I have with UBL Bank that is due to mature in early October.

I have already used my 2025/26 £20,000 tax free ISA allowance in June on an ISA with a different bank. 

So, with regards to my UBL ISA - if I choose to renew it and opt for another fixed rate ISA with UBL would any interest earned be subject to tax?  

OR would it be tax free given I would not be transferring any money into UBL from an external bank account, but using the £20,000 I currently have saved with them in my maturing ISA?

Thanks

Ayr_Rage

If the funds never leave an ISA wrapper then no tax is due on the capital or accrued interest, so the whole amount can be transferred wherever you decide.

Even if you withdraw interest from an ISA it is not subject to tax.

Albermarle

Suggest it would be a good idea to spend some time looking through the forum as it could be very informative for you.